Bank of England could be about to open the door to interest rate cuts
LONDON — The Bank of England is widely expected to hold interest rates steady at 5.25% on Thursday, but market…
A change to this one clause could be the most important part of the Fed meeting
Immediately after the Federal Reserve wraps up its meeting this week, all eyes are likely to gravitate to one small…
IMF upgrades global growth forecast, citing U.S. resilience and policy support in China
The International Monetary Fund on Tuesday nudged its global growth forecast higher, citing the unexpected strength of the U.S. economy…
Sen. Elizabeth Warren pushes Fed Chair Powell to cut ‘astronomical’ rates, ease housing pressure
Sen. Elizabeth Warren, D-Mass., and three other Democratic lawmakers are pushing Federal Reserve Chairman Jerome Powell to lower interest rates…
ECB’s Lagarde responds to scathing staff survey: ‘I’m very proud and honored to lead the institution’
President Christine Lagarde on Thursday said she was “proud and honored” to leead the European Central Bank, after her leadership…
Turkey hikes interest rate again to 45% after inflation nears 65%
Turkey’s central bank on Thursday hiked its key interest rate by another 250 basis points to 45%. The hike to the…
German regulator urges banks to set aside bumper profits for bad news on the horizon
Banks should be setting aside recent bumper profits to provision for clients defaulting on loans as the impact of higher…
No ‘economic collapse’: Top Citi strategist says healthier economic growth is coming
The global economy does not need a “collapse” in order to bring inflation back to target and return to sustainable…
UK inflation rate surprises with rise to 4%, led by alcohol and tobacco
LONDON — U.K. inflation unexpectedly nudged upwards to 4% year-on-year in December, fueled by a rise in alcohol and tobacco…
Fed Governor Bowman adjusts rate stance, says hikes likely over but not ready to cut yet
Federal Reserve Governor Michelle Bowman, who had been one of the central bank’s staunchest advocates for tight monetary policy, said…
